Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.29-$3.37 for the period, compared to the consensus estimate of $3.12. The company issued revenue guidance of $7.45-$7.52 billion, compared to the consensus revenue estimate of $7.41 billion. Sprouts Farmers Market also updated its FY 2024 guidance to 3.290-3.370 EPS.
Sprouts Farmers Market Stock Performance
Sprouts Farmers Market stock traded up $3.73 during mid-day trading on Wednesday, reaching $99.61. 575,722 shares of the company traded hands, compared to its average volume of 1,351,960. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 3.23 and a beta of 0.55. Sprouts Farmers Market has a fifty-two week low of $36.21 and a fifty-two week high of $103.80. The firm’s fifty day moving average is $81.02 and its two-hundred day moving average is $68.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.16. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 28.19%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities research analysts expect that Sprouts Farmers Market will post 3.12 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Insider Buying and Selling at Sprouts Farmers Market
In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the transaction, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jack Sinclair sold 5,714 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $83.38, for a total transaction of $476,433.32. Following the completion of the sale, the chief executive officer now owns 245,288 shares of the company’s stock, valued at approximately $20,452,113.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joe Fortunato sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $78.48, for a total transaction of $392,400.00. Following the completion of the sale, the director now directly owns 52,966 shares of the company’s stock, valued at approximately $4,156,771.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,147 shares of company stock worth $4,999,299. Corporate insiders own 1.10% of the company’s stock.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.
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